Engineers Gate Manager LP decreased its position in shares of Five9 Inc (NASDAQ:FIVN) by 32.2% during the 4th quarter, HoldingsChannel reports. The fund owned 36,596 shares of the software maker’s stock after selling 17,370 shares during the period. Engineers Gate Manager LP’s holdings in Five9 were worth $911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. lifted its stake in Five9 by 3.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 325,654 shares of the software maker’s stock worth $8,103,000 after acquiring an additional 11,771 shares in the last quarter. AXA lifted its stake in Five9 by 11.9% during the 3rd quarter. AXA now owns 277,793 shares of the software maker’s stock worth $6,639,000 after acquiring an additional 29,500 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in Five9 during the 3rd quarter worth about $1,087,000. California Public Employees Retirement System lifted its stake in Five9 by 14.3% during the 3rd quarter. California Public Employees Retirement System now owns 45,378 shares of the software maker’s stock worth $1,085,000 after acquiring an additional 5,678 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Five9 during the 3rd quarter worth about $211,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Five9 Inc (NASDAQ FIVN) opened at $24.84 on Monday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04. Five9 Inc has a 12-month low of $15.77 and a 12-month high of $27.81.

In other Five9 news, EVP Scott Welch sold 3,902 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $25.30, for a total value of $98,720.60. Following the sale, the executive vice president now owns 105,003 shares of the company’s stock, valued at approximately $2,656,575.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Barry Zwarenstein sold 5,000 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $25.80, for a total value of $129,000.00. Following the completion of the sale, the chief executive officer now directly owns 162,760 shares in the company, valued at approximately $4,199,208. The disclosure for this sale can be found here. Insiders sold a total of 275,877 shares of company stock worth $6,756,320 in the last ninety days. 9.10% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on FIVN shares. SunTrust Banks started coverage on Five9 in a research note on Wednesday, January 31st. They set a “buy” rating and a $30.00 target price on the stock. BidaskClub raised Five9 from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Monday, November 13th. Needham & Company LLC reissued a “buy” rating and set a $30.00 target price on shares of Five9 in a research note on Friday, November 10th. Finally, ValuEngine raised Five9 from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Five9 has an average rating of “Buy” and a consensus target price of $26.89.

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Five9 Profile

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

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Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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